Jerome powell was on capitol hill to update lawmakers on the economy and Monetary Policy. He spoke about the Economic Impact of the coronavirus, Cyber Threats in the Banking Sector and his influence in the Global Economy among other topics. This services hearing is three hours. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds interMonetary Policy. A recent news story noted that trump has tweeted over 100 times about your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics. Fedsolding the independence, you should also be mindful of public perception. Of course, trump continues to claim credit for Economic Growth that was put in motion by the policies of p
Work of our National Innovation initiative. Now, another 17 years later, here we are again, once again finding ourselves at the precipice of transformational change. Today well hear stories about these changes as theyre foundational to our Flagship National commission on innovation and competitiveness frontiers. The commission cochaired by the Council Board on this stage is a multiyear effort to reimagine americas innovation potential and to chart a new path for competitiveness in the 21st century. And as this slide shows, just a little less than a year ago, with our core leadership team, we began to build this effort. And by august we had pulled together a powerful and diverse set of commissioners, nearly 60 leaders from across this country from industry, from academia, from our Labor Union Community and our National Labs. And the commission has already started their work. As deborah mentioned, todays launch is our 2020 roadmap of activities that we hope will change the future traject
Discussions examining threatening prosperity and exploring solutions. It is 100 clear to us that the cost of inaction is higher than the cost of action. When the rules are clear, we are going to follow those rules. Time is running out to address climate change, so i think it is right to hold our feet to the fire. Abigail this is all straight ahead on bloomberg best. Abigail hello, im abigail doolittle. Welcome to a special edition of bloomberg best with highlights from the Bloomberg Business global forum. This annual event brings together the worlds most influential leaders in business and government to address the most pressing global challenges and explore opportunities for solutions. The theme of this years conference was restoring global stability. The Prime Minister of india, narendra modi, delivered the keynote address and joined Michael Bloomberg on stage for a conversation. We believe the earth is our mother, and we do not have the right to exploit our earth. We are only have t
Brouilette will deliver remarks. Good morning, we have seen time and again how technology has transformed our lives and unleashed new challenges and opportunities as we think about a new future for the United States. 2003 was a period of change, 17 years after our founding, our Council Members recognized that the nation stood at a particular inflection point. We needed significant change to enhance our innovation capacity and that led to the pioneering work of our National Innovation initiative. Another 17 years later, here we are again, finding ourselves at transformational change. Throughout the day as was mentioned, were going to hear stories about these changes as theyre foundational to our commission on innovation and competitiveness front tiers. The commission is a multiyear effort to reimagine americas innovation channel and to charter a new path in the 21st century. As this slideshows just a little less than a year ago with our core leadership team, we began to build this effor
About a new future for the United States 2003 was a period of change 17 years after our founding we recognize the nation Inflection Point with significant change which led to the work of our National Innovation initiative and now another 17 years later here we are again. Once again finding yourselves in a transformational change. To hear stories about these changes as they are foundational with innovation and competitiveness the commission cochaired is a multiyear effort for americans innovation potential to have a new path and the 21st century. And as this slide shows a little less than a year ago of poor leadership we begin to build this effort and by august pulled together a powerful and diverse set of commissioners from across the country from industry and academia and the labor union and today is the 2020 roadmap of activities that we hope will change the future and trajectory of American Innovation and to make this happen with hundreds of advisors and innovation practitioners wit